Coffee Rises to 3-Month High After Inventories Drop

By Stephen Farr

Nov. 16 (Bloomberg) -- Coffee prices jumped to a three-month high in London after U.S. inventories fell and an earthquake struck Colombia, the world's third-largest grower.

U.S. green coffee stockpiles dropped 3.9 percent last month to 5.4 million bags, the Green Coffee Association said yesterday. Prices in New York closed at a four-year high after a 6.7- magnitude quake struck the west coast of Colombia.

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